Summary
TBIL
Prices · period metrics · 12M
NAV as of 02/06/2026
02/04/2025 → 02/04/2026
Return 3.93% Volatility 0.43% Sharpe 0.34
Official loaded data — not a live quote.

F/M US TREASURY 3 MONTH BILL ETF

Symbol: TBIL

Exchange: NASDAQ

Sector: N/A

Category: Ultrashort Bond

Inception date: 08/08/2022

Latest date: 02/06/2026

Current price: $49.87

Expense ratio: 0.15%

Assets under management
$7.1B
0.00% daily change

Period performance

Adjusted cumulative ETF performance, normalized to the first available adjusted price in the selected period.

Adjusted return
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Performance metrics

Period total return

0.29%

Ann. 0.44% (Sharpe / Sortino numerator)

Volatility

1.09%

Sharpe ratio

-2.922

VaR 95%

-0.02%

CVaR 95%: -0.16%
Max drawdown: -0.02%
Sortino ratio: -1.013
Calmar ratio: N/A

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

0.91%

Ann. 2.35% (Sharpe / Sortino numerator)

Volatility

0.69%

Sharpe ratio

-1.852

VaR 95%

-0.02%

CVaR 95%: -0.09%
Max drawdown: -0.30%
Sortino ratio: -0.695
Calmar ratio: 7.83

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

1.80%

Ann. 3.27% (Sharpe / Sortino numerator)

Volatility

0.52%

Sharpe ratio

-0.698

VaR 95%

-0.01%

CVaR 95%: -0.06%
Max drawdown: -0.30%
Sortino ratio: -0.227
Calmar ratio: 10.89

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

3.93%

Ann. 3.78% (Sharpe / Sortino numerator)

Volatility

0.43%

Sharpe ratio

0.343

VaR 95%

-0.01%

CVaR 95%: -0.04%
Max drawdown: -0.30%
Sortino ratio: 0.121
Calmar ratio: 12.59

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

7.85%

Ann. 4.34% (Sharpe / Sortino numerator)

Volatility

0.38%

Sharpe ratio

1.865

VaR 95%

-0.02%

CVaR 95%: -0.03%
Max drawdown: -0.30%
Sortino ratio: 0.885
Calmar ratio: 14.48

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Period total return

13.57%

Ann. 4.64% (Sharpe / Sortino numerator)

Volatility

0.37%

Sharpe ratio

2.742

VaR 95%

-0.01%

CVaR 95%: -0.03%
Max drawdown: -0.30%
Sortino ratio: 1.483
Calmar ratio: 15.45

The performance chart and period total return use a rolling window to the latest adjusted close. For 1M/3M/6M/... periods, default behavior is Yahoo-style rolling (first session on or after "latest date minus N calendar months" through the latest quote). If the calendar is already in a new month, the last quote is near month-end, and there is no current-month data yet, the window switches to N full calendar months ending in that quote month. Sharpe, Sortino, VaR and related metrics still come from the latest batch row. Sharpe/Sortino use annualized excess return versus the US risk-free rate, so a positive chart can still show a negative ratio if annualized return is below cash.

Daily returns for period 12M

Daily simple returns from the same adjusted closes used by the performance chart: 02/06/2025 - 02/06/2026.

Methodology: adjusted prices + daily simple return
Average daily return

0.015%

Best day

0.08%

29/08/2025
Worst day

-0.02%

07/07/2025
Days with data

251

Recent price history (last 90 days)

Date Open High Low Close Volume
02/06/2026 $49.87 $49.87 $49.86 $49.87 1,500,000
01/06/2026 $49.86 $49.87 $49.86 $49.87 2,311,600
29/05/2026 $49.86 $49.86 $49.85 $49.86 2,218,700
28/05/2026 $49.84 $49.85 $49.84 $49.85 2,302,000
27/05/2026 $49.99 $49.99 $49.98 $49.99 1,413,400
26/05/2026 $49.98 $49.99 $49.98 $49.98 1,850,800
22/05/2026 $49.98 $49.99 $49.98 $49.98 1,630,900
21/05/2026 $49.97 $49.97 $49.96 $49.96 1,038,800
20/05/2026 $49.96 $49.96 $49.95 $49.95 1,466,100
19/05/2026 $49.95 $49.96 $49.95 $49.96 2,838,300